TASHKENT, Uzbekistan, July 26. The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to $17.5 million to JV Techno Cable Group LLC, a leading manufacturer of copper and aluminum electric cables based in Uzbekistan, Trend reports.
The loan is structured in two tranches: an $8.5 million committed tranche and a $9 million uncommitted tranche. The funds will be allocated to acquiring advanced cable manufacturing equipment and providing working capital for purchasing raw materials essential for cable production.
This investment aims to strengthen the company’s competitiveness and foster human capital development, enabling the expansion of cable and wire production to meet growing domestic demand.
Key benefits of the project include enhancing JV Techno Cable Group’s competitive advantage through the implementation of an advanced Enterprise Resource Planning (ERP) system, which will improve operational efficiency and optimize production processes. Additionally, the project promotes inclusive growth by boosting workforce capabilities through targeted training initiatives and expanded internship programs developed in close cooperation with a local university.
As part of this collaboration, JV Techno Cable Group LLC will formalize a partnership with the university to deliver customized training programs tailored to the company’s specific workforce needs, addressing skill shortages in the local labor market. The company will also broaden its internship program to provide practical experience and support workforce development.
